Asking Price: $1,200,000 Gross Revenue: $979,585Cash Flow: $209,567 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $300,000 not included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This well established hardware store is its community’s undisputed one stop shop for all things hardware and construction related. The business, which was established in the mid-1970s, provides its loyal client base all of the tools and products needed including all of the big name brands (e.g. Black & Decker, DeWalt, Makita, etc) with access to any specialty brands or items sought. The sale includes the 4,000 square foot hardware store, a separate office / retail store, lumber yard, and three residential income properties over three parcels totaling nearly 3 acres.
About the Business
Number of Employees:
The sale includes all of the business’s furniture, fixtures, equipment, property and residential income. The business owns a forklift and a flatbed delivery truck. The company’s $300,000 in inventory will be sold at cost, in addition to the asking price.
Due to the nature of the smaller community the store is located in, they do not face direct competition from head to head competitors or big bog stores like Home Depot and Lowes. It is estimated that the nearest competing store is nearly an hour away, while the closest big box competitors are estimated to be nearly 100 miles away.
Growth & Expansion:
New operators may wish to develop the land, which is zoned commercial in front and residential in the rear. Since the business is somewhat seasonal with the Canadian and other snowbirds visiting during the winter months, the current owners have explored constructing an RV (recreational vehicle – motor home) park, or constructing a retail strip mall. They could also convert their office / retail space or residential properties to service oriented or retail operations, but have held off on this to allow a buyer to seize these opportunities as they see fit. The company offers short term credit to regular customers with 30 day terms; however they limit this. New operators could offer financing and earn interest shall they wish to. Alternately, they may engage in tool rentals, offer installation services, or simply take commissions on their referral network of contractors, which they have abstained from doing under the assumption that the referred contractors will ultimately purchase their supplies through them.
Established Hardware Store w/Commercial & Residential Income Property!
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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